Page:United States Statutes at Large Volume 49 Part 2.djvu/1983

 RECIPROCAL TRADE-GUATEMALA. 3989 Agreement between the United States of America and Guatemala re- April 24. 1936. specting redprocal trade. Signed at Guatemala, April 24, 1936; proclaimed by the President of the Rfpublic of Guatemala, May 9, 1936; proclaimed by the President of the United States, May 16, 1936; effective June 1.5, 1.986. By THE PRESIDENT OF THE UNITED STATES OF AMERICA. A PROCLAMATION. W 't' 'dd'thTiffAtf1930fhC f Reciprocal trade . HEREAS1 ISprOV} e In e ar coo t e ongress 0 al!Teement with Ol18te- the United States of America, as amended by the Act of June 12, mV~i. 46. p. 708; Vol. 1934 entitled "AN ACT To amend the Tariff Act of 1930" (48 Stat. 48.p.943., U. S. C ., p.879. 943), as follows: "Sec. 350. (a) For the purpose of expanding foreign markets for Statutory provisions. the products of the United States (as a means of assisting in the present emergency in restoring the American standard of living, in over- coming domestic unemployment and the present economic depression, in increasing the purchasing power of the American public, and in establishing and maintaining a better relationship among various branches of American agriculture, industry, mining, and commerce) by regulating the admission of foreign goods into the United States in accordance with the characteristics and needs of various branches of American production so that foreign markets will be made available to those branches of American production which require and are capable of developing such outlets by affording corresponding market opportunities for foreign products in the United States, the President, whenever he finds as a fact that any existing duties or other import restrictions of the United States or any foreign country are unduly burdening and restricting the foreign trade of the United States and that the purpose above declared will be promoted by the means here- inafter specified, is authorized from time to time- "(1) To enter into foreign trade agreements with foreign govern- ments or instrumentalities thereof; and "(2) To proclaim such modifications of existing duties and other import restrictions, or such additional import restrictions, or such continuance, and for such minimum periods, of existing customs or excise treatment of any article covered by foreign trade agreements, as are required or appropriate to carry out any foreign trade agree- ment that the President has entered into hereunder. No proclama- tion shall be made increasing or decreasing by more than 50 per centum any existing rate of duty or transferring any article between the duti- able and free lists. The proclaimed duties and other import restric- tions shall apply to articles the growth! produce, or manufacture of all foreign countries, whether imported dIrectly, or indirectly: ProvUkd, That the President may suspend the application to articles the ~rowth, produce, or manufacture of any country because of its discrimInatory treatment of American commerce or because of other acts or p~licies which in his opinion tend to defeat the purposes set forth in this sec- tion; and the proclaimed duties and other imp-ort restrictions shall be in effect from and after such time as is specified in the proclamation. The President may at any time terminate any such proclamation in whole or in part."